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Trust Wallet is a user-friendly wallet app that supports most major cryptocurrencies, as well as many smaller tokens. While some wallets are strictly for crypto storage, this one includes several other features, including staking to earn crypto rewards. Read our full Trust Wallet review to learn more and find out if it's right for you.
Blockchain Support
53
Compatability
Apple and Android devices
Storage Type
Hot
Price
Free
Trust Wallet is a non-custodial crypto wallet that's available as a free app. In addition to being a secure crypto storage solution, it also offers staking and a dApps browser.
Offer |
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Robinhood
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Rating |
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Commissions |
$0 for stocks, ETFs, options, and cryptocurrencies
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Variable fees (Coinbase), 0%-0.60% (Coinbase Advanced Trade), $29.99 monthly (Coinbase One)
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Next Steps |
This wallet is a good fit for: Investors who want a do-it-all wallet that supports a wide range of cryptocurrencies and has plenty of valuable extra features.
Trust Wallet is a non-custodial digital wallet that uses hot storage for cryptocurrencies. It's extremely secure, free to use, and supports many blockchains and cryptocurrencies, which is why it's widely considered one of the best cryptocurrency wallets. Binance acquired Trust Wallet in 2018, and it's the exchange's official decentralized wallet.
Crypto wallets have gotten a bad rap for being difficult to use, but Trust Wallet is beginner friendly. It has an intuitive design and is well organized, so it doesn't take long to figure out how to send and receive crypto and use the rest of the wallet's features.
There are absolutely no wallet fees with Trust Wallet. You can download it free of charge and use it to store your crypto. The only fees you'll run into are blockchain network fees on cryptocurrency transactions. The transaction fee is charged by the blockchain network itself and not Trust Wallet.
If you like to invest in lots of different types of cryptocurrency, Trust Wallet is a great choice. It supports more than 50 blockchains and over 1 million cryptocurrencies. You'll be able to keep most, if not all, of the digital currencies you own in one place with this wallet.
Staking is a popular method to earn rewards on your crypto assets. This is when you let your cryptocurrency be used to help validate blockchain transactions. Trust Wallet offers built-in staking with several different cryptocurrencies, making it quick and convenient to get started.
LEARN MORE: What Is Staking in Crypto?
Cryptocurrencies aren't all that you can keep on the Trust Wallet app. It also allows you to store non-fungible tokens (NFTs) minted on either Ethereum (ETH) or the Binance Smart Chain.
RELATED: How to Invest in NFTs
Trust Wallet offers a browser you can use to interact with any decentralized apps (dApps) on Ethereum or the Binance Smart Chain. The development team behind Trust Wallet also regularly vets and optimizes dApps to put them in the wallet's main marketplace.
Some crypto wallets are only designed to send and receive crypto, but the Trust Wallet app also lets you buy and sell. Crypto purchases in Trust Wallet go through Ramp, which is available in most of the United States.
U.S. customers can only buy crypto on Ramp with debit or credit card payments, and fees can be expensive. For those reasons, it's usually better to buy through one of the top cryptocurrency exchanges. However, it's still nice to have this option within Trust Wallet.
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This wallet is designed for smartphones and tablets. To use it, you need to download Trust Wallet through the App Store or Google Play. There's no web version or browser extension like many other hot wallets offer.
This blockchain wallet uses hot storage, meaning it's online. The most secure way to store crypto assets is cold storage, where your assets are kept offline. Although Trust Wallet has an excellent reputation in terms of security, the lack of cold storage is worth mentioning.
READ MORE: What Is Cold Storage in Crypto?
Trust Wallet supports over 1 million cryptocurrencies and 53 different blockchains. That's considerably more than most wallets, which makes Trust Wallet an excellent choice if you have a diverse crypto portfolio.
You can store most of the major cryptocurrencies with Trust Wallet, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and many different stablecoins. The most notable cryptocurrency that isn't compatible with Trust Wallet is Cardano (ADA).
Trust Wallet doesn't charge any wallet fees, including for transactions and swapping one cryptocurrency for another. There are blockchain network fees that are paid to miners or transaction validators. The network fee varies depending on the blockchain.
Trust Wallet is considered one of the most secure hot wallets in the world. It protects online interactions using military-grade encryption and keeps your private keys secure with bank-level security. You can use FaceID, TouchID, or conventional passwords to access your wallet.
The fact that Trust Wallet is the official cryptocurrency wallet of Binance is a big point in its favor. Binance is one of the biggest crypto exchanges, and by choosing Trust Wallet, it's staking its reputation on that wallet's security.
There are a couple things worth mentioning, though. Since Trust Wallet is a hot wallet, it's connected to the internet. Cold storage, which you can get with hardware wallets, is more secure because it's offline. In addition, the safety of Trust Wallet depends on keeping your mobile device and your recovery phrase safe.
RELATED: How to Safely Store Cryptocurrency
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Robinhood disclosure
This advertisement contains information and materials provided by Robinhood Financial LLC and its affiliates (“Robinhood”) and Publisher, a third party not affiliated with Robinhood. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Securities offered through Robinhood Financial LLC and Robinhood Securities LLC, which are members of FINRA and SIPC. Publisher is not a member of FINRA or SIPC.
Robinhood Crypto disclosure
This advertisement contains information and materials provided by Robinhood Financial LLC, Robinhood Securities LLC and its affiliates (“Robinhood”) and Publisher, a third party not affiliated with Robinhood. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Securities offered through Robinhood Financial LLC, a member of FINRA and SIPC and a wholly-owned subsidiary of Robinhood Markets, Inc. Cryptocurrency trading offered through Robinhood Crypto LLC. Robinhood Crypto and Publisher are not a members of FINRA or SIPC and cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC insurance.